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PreAuthorized Personal Debit Agreement Mayor information (please print) Last NameFirst Emailing AddressCityPostal Telephone Number undersigned is/are the owner(s) of Unit #, 10 Ellen Street East,

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How to fill out pre-authorized personal debit agreement

01

Obtain a copy of the pre-authorized personal debit agreement form from your bank or financial institution.

02

Fill in your personal details, including your full name, address, contact information, and account number.

03

Read the terms and conditions of the agreement carefully to understand your rights and responsibilities.

04

Specify the amount and frequency of the debits you authorize, such as the monthly payment amount and the date of withdrawal.

05

Indicate the start and end dates of the authorization if applicable.

06

Sign and date the agreement, acknowledging that you understand and agree to its terms.

07

Submit the completed agreement to your bank or financial institution either in person or via mail, following their specific instructions.

Who needs pre-authorized personal debit agreement?

01

Anyone who wishes to provide authorization for regular automatic payments from their bank account may need a pre-authorized personal debit agreement.

02

This agreement is commonly used for various purposes, such as paying bills, making loan repayments, setting up subscriptions, or making regular charitable donations.

03

It is beneficial for individuals who want to automate their payment process and ensure timely payments without the need for manual intervention each time.

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What is pre-authorized personal debit agreement?

A pre-authorized personal debit agreement is a contract between a consumer and a financial institution authorizing the institution to debit the consumer's account for recurring payments.

Who is required to file pre-authorized personal debit agreement?

Consumers who wish to set up automatic payments or debits from their bank account are required to file a pre-authorized personal debit agreement.

How to fill out pre-authorized personal debit agreement?

To fill out a pre-authorized personal debit agreement, the consumer must provide their banking information, the amount to be debited, the frequency of the payments, and any other relevant details.

What is the purpose of pre-authorized personal debit agreement?

The purpose of a pre-authorized personal debit agreement is to establish an automatic payment plan for recurring expenses or bills.

What information must be reported on pre-authorized personal debit agreement?

The pre-authorized personal debit agreement must include the consumer's name, bank account information, the name of the financial institution, the amount and frequency of the debits, and any relevant terms and conditions.

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